Irish aircraft leasing firm Avolon boosts status with €9bn buy
Avolon, which is now wholly owned by China’s Bohai Group and, as a result, is part of the world’s third largest aircraft leasing business, announced the deal yesterday, saying subject to regulatory approvals and customary closing conditions, the transaction should complete during the first quarter of next year.
The CIT deal will boost Avolon’s fleet by another 334 owned and managed aircraft, with a further 133 on order or committed.
